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Malaysia’s Strategy As ASEAN Chair In 2025 Is For Grouping To Bolster Regional Value Chains

From Sharifah Hunaini Syed Ismail

VIENTIANE, Oct 9 (Bernama) -- Malaysia has outlined three strategies for ASEAN when it takes over the grouping’s chairmanship in 2025, including bolstering regional value chains and regulatory cooperation.

Gradiant’s ForeverGone Proven To Completely Wipe Out PFAS In Industrial Use

KUALA LUMPUR, Oct 9 (Bernama) -- Gradiant, a global solutions provider for advanced water and wastewater treatment, has announced a major milestone in the fight against per- and polyfluoroalkyl substances (PFAS) contamination, with its ForeverGone all-in-one solution.

Ringgit Strengthens 14.4 Pct vs USD In 3Q 2024; One Of The Best Performing Currencies Globally

KUALA LUMPUR, Oct 9 (Bernama) -- The ringgit was one of the best-performing currencies globally in the third quarter of this year (3Q2024), strengthening 14.4 per cent against the US dollar and 11.4 per cent on a year-to-date basis, said Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC).

Gold Futures End Easier Ahead Of FOMC Meeting

KUALA LUMPUR, Oct 8 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Tuesday, mirroring global gold market weaknesses ahead of the United States Federal Open Market Committee (FOMC) meeting on Wednesday. 

OPR Likely To Be Unchanged; Ringgit Forecast At 4.25 vs USD Year-end - Kenanga

KUALA LUMPUR, Oct 8 (Bernama) -- Bank Negara Malaysia (BNM) is likely to keep the overnight policy rate (OPR) unchanged for the next 12 to 15 months, with inflation pressures subdued and the economic outlook stable, said Kenanga Investment Bank Bhd (Kenanga).

Ringgit Opens Higher Against US Dollar On Firmer Oil Prices

KUALA LUMPUR, Oct 8  (Bernama) -- The ringgit opened higher against the US dollar this morning, supported by the firmer Brent crude oil prices which surpassed US$80 per barrel, said an analyst. 

Gold Futures Decline On Strong US Payroll Data

KUALA LUMPUR, Oct 7 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Monday as strong United States (US) payroll data led traders to anticipate a smaller interest rate cut by the US Federal Reserve.

Malaysia Will Voice Its Views Without Fear Or Favour Despite Superpower Membership In BRICS

By Siti Radziah Hamzah and Anas Abu Hassan

KUALA LUMPUR, Oct 7 (Bernama) – Prime Minister Datuk Seri Anwar Ibrahim says Malaysia will continue to voice its views on global issues strongly and without fear or favour if and when it joins the BRICS group of emerging economies whose founding members include Russia and China.

Bursa Malaysia Higher At Midday

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 7 (Bernama) -- Bursa Malaysia ended the morning session firmer today, boosted by positive sentiments following the end of the United States (US) dockworkers strike and the better-than-expected US monthly job data, said an analyst.

HLIB, RHB IB Maintain 'Buy' Call On Kossan Rubber Industries

KUALA LUMPUR, Oct 7 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects Kossan Rubber Industries Bhd (KRI) to deliver a rather flattish third quarter for the financial year 2024 (3Q FY2024), due to domestic competition and stronger sequential earnings from 4Q FY2024 onwards.

Ringgit Opens Marginally Higher Vs US Dollar As Traders Assess Feds Next Move

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 7 (Bernama) -- The ringgit opened marginally higher on Monday amid weak sentiment as traders reassessed their stance on the United States Federal Reserve (US Fed) possibly taking more time to reduce interest rates, an economist said.

CPO Futures Likely To Trade With Upward Bias Next Week

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 5 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias amid rising crude oil and soybean oil prices, a dealer said.